GCC, the cement manufacturer based in the Mexican city of Chihuahua and with operations in the United States, reported that it has committed investments of approximately 500 million dollars over the next three years to continue with its current projects under development.

“We have important projects under development, with the expansion of a cement plant, a debottleneck project in Samalayuca, Mexico, two new terminals under construction, several projects to improve operational efficiency and improve our social and environmental responsibility,” said Enrique Escalante, CEO of the company.

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In his recent conference on the occasion of the presentation of his financial results for the fourth quarter of 2021, the manager explained that 2022 will be a good year, just like 2021 was, with the expectation that 2023 and 2024 will be even better. times with the benefit of the demand for cement that is expected to increase with the infrastructure projects that the United States government prepares.

He estimated that the $550 billion spending under the US government's Infrastructure Investment and Jobs Act should result in approximately 48 million metric tons of increased cement consumption over the life of the program.

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"There are several positive secular demand trends that are benefiting our businesses, and we remain optimistic in the non-renewable and residential construction markets, as well as in the industrial recovery in Mexico and the United States," said the executive.

It added that due to the inflationary environment, it has applied its strategy of increasing the prices of its products to protect itself against this risk. In this sense, they announced an additional increase of 6% to 8% in the price per short ton of cement for construction that came into force at the beginning of January, and for cement for oil wells an increase of 15 dollars per ton that will apply as of April 1, 2022.

In Solili you can consult industrial warehouses available in Ciudad Juárez y Tijuana

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